Global Biogas Market to Reach $115.12 Billion by 2029, Growing at 6.7% CAGR

What combination of drivers is leading to accelerated growth in the biogas market?
The escalation in research and development endeavours is anticipated to spur the biogas market's growth. Biofuels, like biodiesel, biogas, and syngas, which are fuels created from biomass such as plants or microalgae rich in hydrocarbons via thermal, chemical or biochemical transition procedures, are burned to produce energy. The scope of these research and development activities extends to producing, processing, inspecting, and testing materials using a variety of technologies to yield superior product outcomes. Illustratively, in January 2023, the US Department of Energy (DOE) declared the allocation of above $100 million for augmenting US biofuel production in an effort by the Biden administration to reduce transportation-related greenhouse gas emissions in line with climate targets. The department aims to allocate $118 million over 17 projects created to hasten biofuel production, which can derive from biomass such as agricultural waste, soybean oil, and animal fats. These funds supplement the upwards of $500 million that the DOE has invested into bioenergy and biorefinery research and development in the preceding two years. Consequently, the burgeoning research and development activities are expected to propel the biogas market.

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What is the projected compound annual growth rate (CAGR) of the biogas market from 2025 to 2034, and what factors influence it?
The size of the biogas market has significantly expanded in recent times. The market, which was valued at $82.1 billion in 2024, is projected to rise to $88.79 billion in 2025, representing a compound annual growth rate (CAGR) of 8.1%. This growth rate during the historical period can be attributed to a combination of factors including the emergence of new markets, heightened demand for non-polluting energy sources, the detrimental environmental consequences of traditional power generation sources, the growing demand from the transportation and automotive industries, and rising fuel costs.

Robust expansion is anticipated in the biogas market in the coming years, surging to a value of $115.12 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 6.7%. The projected growth during this period is primarily attributed to factors such as government backing, increase in global population and urbanization, the shift towards alternative energy sources, heightened awareness to curtail greenhouse gas emissions, and escalated research & development activities. Notable trends in the forecast period are a renewed focus on liquified biogas, fresh investments being pumped into the market, technological advancements, product innovations, strategic alliances and partnerships, and expansion of facilities.

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How are the latest trends influencing the growth of the biogas market?
Firms in the biogas sector are concentrating on technological advancements to bolster their market presence. Volvo Trucks, a truck-making firm from Sweden, for example, launched a robust gas-fueled vehicle in February 2023, capable of operating on liquefied biogas. The Volvo FH (Forward control High entry) and FM (Forward control Medium height cab) gas-fueled trucks have been enhanced with an additional 500 horsepower on top of their pre-existing 420 and 460 horsepower engines. These gas engines have also undergone significant tech enhancements, leading to a fuel efficiency boost of up to 4%. Coupled with a new gas tank that is 10% larger, this results in an extended range.

What are the major segments of the biogas market and their role in driving growth?
The biogas market covered in this report is segmented -

1) By Source: Municipal Waste, Industrial Waste, Agricultural Waste, Other Sources
2) By Application: Residential, Commercial, Industrial
3) By End-User: Power Generation, Heat Generation, Cogeneration, Other End-Users

Sebsegments:
1) By Municipal Waste: Food Waste, Yard Waste, Sewage Sludge, Organic Fraction Of Municipal Solid Waste (OFMSW)
2) By Industrial Waste: Food Processing Waste, Dairy Waste, Brewery Waste, Pharmaceutical Waste
3) By Agricultural Waste: Crop Residues (Straw, Husks), Animal Manure (Cattle, Poultry, Swine), Agro-Industrial By-Products
4) By Other Sources: Landfill Gas, Wastewater Treatment Plant Effluent, Energy Crops

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Which regions are key players in the growth of the biogas market?
Europe was the largest region in the biogas market in 2024. Asia-Pacific is expected to record the fastest growth over the forecast period. The regions covered in the biogas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the biogas market?
Major companies operating in the biogas market include Engie SA, Air Liquide, EnviTec Biogas AG, Hitachi Zosen Corporation, Gasum Oy, Ameresco, Wartsila, Schmack Biogas GmbH, Future Biogas Limited, Weltec Biopower GmbH, Green Elephant India Private Limited, Spectrum Renewable Energy Pvt. Ltd., Atmos BioEnergy, Biogas Engineering India Pvt Ltd, Nikkiso Clean Energy & Industrial Gases Group, Aqua Society Co. Ltd., AAT Biogas Technology, Biogass Renewables Pty Ltd, Aquatec Maxcon, Cyy Bio Power Co. Ltd., K-BioPower Co. Ltd., New Energy Technology Co. Ltd., Mingshuo Environment Technology Group Co. Ltd., Hubei Kexin Environmental Energy Co. Ltd., Asia Biogas, Beijing Shenwu Environment & Energy Technology, TotalEnergies SE, Aerzener Maschinenfabrik GmbH, PlanET Biogas Group GmbH, Zorg Biogas GmbH, Evergaz, Veolia Environnement S.A., BTS Biogas Srl/GmbH, Biogas Systems Nord LLC, RosBio LLC, SIBIO LLC, BD Agro Renewables, Dynamic Biogas Development Sp. z o.o., Polish Biogas Group, DVO Inc., Greenlane Biogas, Nacelle, Paques Environmental Environmental Technologies Inc., Raven, Harp Renewables Limited, GranBio, CIBiogás, Ennox, Biomaster, Ecometano, Itaipu Biogas Plant, Masdar, Abu Dhabi National Oil Company, BEEAH Group, Bahwan Renewable Energy Company, ACWA Power, Neutral Fuels, Saudi Aramco, Bambino Bio Refinery Limited, HomeBiogas, Biogas Solutions, SAR Energy, Avenam Links Int`l Ltd.

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What Is Covered In The Biogas Global Market Report?

•Market Size Forecast: Examine the biogas market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the biogas market for a structured understanding.
•Key Players Overview: Analyze major players in the biogas market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the biogas market.
•Segment Contributions: Evaluate how different segments drive overall growth in the biogas market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the biogas market.
•Industry Challenges: Identify potential risks and obstacles affecting the biogas market.
•Competitive Landscape: Review strategic developments in the biogas market, including expansions, agreements, and new product launches.

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